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Although South Africa breathed a collective sigh of relief as President Ramaphosa announced the start of lockdown level three as of the 1st of June, it’s no doubt that COVID-19 has had a severe impact of the market value of property in South Africa.
Although cutting your tenant’s electricity or changing their locks may seem like a good idea at the time, it is in fact a bad idea and automatically puts you, as a landlord, in the wrong.
The pandemic has caused much confusion among landlords and tenants alike. For this reason, we have put together a list of answers to some of the questions that most landlords have been asking.
It should not be the choice of either the public health or the state of the economy. It is a necessity to safeguard both. Fabricius J
It is imperative that preservation of the economy is of major importance in South Africa's COVID-19 strategy.
The property market after lockdown in South Africa will most likely look vastly different with discussion around re-engineering the entire property transaction process.
This article explains how to recover outstanding levies in South Africa and the legal process that must be followed to do so effectively. It’s of utmost importance that this legal process is followed correctly in order for the collection of outstanding levies to be successful.
Bodies corporate are compelled to make provisions for reserve funds on an ongoing basis which fits into the long-term, obligatory maintenance requirements of the scheme.
Prescribed debt is debt that is no longer valid as it has not been recognised or pursued by the creditor, nor acknowledged or paid by the debtor for more than 36 months.
Owners of homes in sectional title schemes may be seeking sectional title levy relief to help them cope financially during these difficult times, considering they are still liable to pay home loans and other personal debt commitments.
The introduction of changes to marriage laws in South Africa can be expected as The Department of Home Affairs is developing new policies which are built on the foundation of the constitution.
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